Kallanish

Fitch Ratings has last week published a significant upwards revision to its 2021 iron ore price assumption due to tight market supply that is expected to continue in the next couple of years.

Iron ore in 2021 is now seen averaging at $125/tonne cfr China for 62% Fe fines, versus …

Last week most market observers were waiting for the Chinese steel sector to restart, indicating further a direction to global prices and sentiment. Nevertheless a series of adverse weather conditions in North America, Europe and the CIS weighed somewhat on the already long delivery books of some key steel suppliers. …

Apparent steel consumption outlooks for 2021 remain positive at the moment, but many market observers are waiting to understand how the sentiment of the Chinese steel market will be after the ongoing New Year's holidays. In 2020 overall the global steel market was mainly supported by the strong demand of …

Global steel prices have started correcting downward in most markets, but a clear outlook for the next several months remains difficult. Raw materials levels have dropped somewhat and finished prices have followed, but something could well change after the Chinese holidays are over toward the end of February.

According to …